Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)

v3.21.4
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
 6 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Schedule of Results for Reportable Segments
The following is a summary of results for each of our four reportable segments for the indicated periods:
  Three Months Ended December 31, Six Months Ended December 31,
(In thousands) 2021 2020 2021 2020
SPC:
Revenues $ 2,052,202  $ 1,380,184  $ 3,831,285  $ 2,648,138 
Segment gross profit 1,342,937  884,090  2,504,866  1,698,900 
Specialty Semiconductor Process:
Revenues 112,738  90,587  214,767  179,540 
Segment gross profit 60,274  51,171  114,995  101,099 
PCB, Display and Component Inspection:
Revenues 187,977  179,267  390,785  360,444 
Segment gross profit 82,322  84,584  176,798  174,753 
Other:
Revenues —  449  —  590 
Segment gross profit —  (121) —  (108)
Totals:
Revenues for reportable segments $ 2,352,917  $ 1,650,487  $ 4,436,837  $ 3,188,712 
Segment gross profit $ 1,485,533  $ 1,019,724  $ 2,796,659  $ 1,974,644 
Schedule of Reconciliation of Total Reportable Segments Revenue to Total Revenue
The following table reconciles total revenues for reportable segments to total revenues for the indicated periods:
  Three Months Ended December 31, Six Months Ended December 31,
(In thousands) 2021 2020 2021 2020
Total revenues for reportable segments $ 2,352,917  $ 1,650,487  $ 4,436,837  $ 3,188,712 
Corporate allocations and effects of changes in foreign currency exchange rates (287) 383  (369) 778 
Total revenues $ 2,352,630  $ 1,650,870  $ 4,436,468  $ 3,189,490 
Schedule of Reconciliation of Total Segment Gross Profit to Total Income Before Income Taxes
The following table reconciles total segment gross profit to total income before income taxes for the indicated periods:
  Three Months Ended December 31, Six Months Ended December 31,
(In thousands) 2021 2020 2021 2020
Total segment gross profit $ 1,485,533  $ 1,019,724  $ 2,796,659  $ 1,974,644 
Acquisition-related charges, corporate allocations, and effects of changes in foreign currency exchange rates(1)
41,065  38,587  81,977  75,449 
R&D 265,031  229,064  523,184  448,102 
SG&A 213,479  181,909  406,740  354,540 
Interest expense 37,852  38,880  76,164  78,266 
Other expense (income), net 1,201  3,882  15,341  7,079 
Income before income taxes $ 926,905  $ 527,402  $ 1,693,253  $ 1,011,208 
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(1)Acquisition-related charges primarily include amortization of intangible assets and amortization of inventory fair value adjustments presented as part of costs of revenues.
Schedule of Revenues by Geographic Region
The following is a summary of revenues by geographic region, based on ship-to location, for the indicated periods:
(Dollar amounts in thousands) Three Months Ended December 31, Six Months Ended December 31,
2021 2020 2021 2020
Revenues:
Taiwan $ 776,442  33  % $ 380,785  23  % $ 1,403,526  31  % $ 749,886  24  %
China 544,537  23  % 382,157  23  % 1,229,693  28  % 868,246  27  %
Korea 323,095  14  % 347,947  21  % 562,278  13  % 537,465  17  %
North America 271,594  12  % 214,808  13  % 449,334  10  % 384,984  12  %
Japan 196,282  8  % 156,721  10  % 371,449  8  % 321,140  10  %
Europe and Israel 175,195  7  % 100,201  6  % 262,635  6  % 183,318  6  %
Rest of Asia 65,485  3  % 68,251  4  % 157,553  4  % 144,451  4  %
Total $ 2,352,630  100  % $ 1,650,870  100  % $ 4,436,468  100  % $ 3,189,490  100  %
Schedule of Revenues by Major Products
The following is a summary of revenues by major product categories for the indicated periods:
(Dollar amounts in thousands) Three Months Ended December 31, Six Months Ended December 31,
2021 2020 2021 2020
Revenues:
Wafer Inspection $ 1,104,032  48  % $ 687,030  42  % $ 1,991,544  45  % $ 1,206,581  38  %
Patterning 508,785  22  % 307,512  19  % 948,376  21  % 678,444  21  %
Specialty Semiconductor Process 104,932  4  % 71,978  4  % 198,052  4  % 146,005  5  %
PCB, Display and Component Inspection 121,750  5  % 115,825  7  % 259,637  6  % 236,451  7  %
Services 456,861  19  % 412,847  25  % 910,811  21  % 805,972  25  %
Other 56,270  2  % 55,678  3  % 128,048  3  % 116,037  4  %
Total $ 2,352,630  100  % $ 1,650,870  100  % $ 4,436,468  100  % $ 3,189,490  100  %
Schedule of Long-Lived Assets by Geographic Region
Land, property and equipment, net by geographic region as of the dates indicated below were as follows: 
As of As of
(In thousands) December 31, 2021 June 30, 2021
Land, property and equipment, net:
United States $ 490,597  $ 447,359 
Singapore 79,880  76,882 
Israel 65,269  57,403 
Europe 55,262  56,895 
Rest of Asia 26,170  24,488 
Total $ 717,178  $ 663,027